Meanwhile, the S&P BSE Sensex was up 253.28 points or 0.73% at 34,966.88.

The stock saw spurt in volume. On the BSE, 13.91 lakh shares were traded on the counter so far as against the average daily volumes of 3.62 lakh shares in the past two weeks. The stock saw high intraday volatility. The stock had hit a high of Rs 522 and a low of Rs 479 so far during the day. The stock had hit a 52-week high of Rs 627.50 on 23 January 2018 and a 52-week low of Rs 447.80 on 23 October 2017.

The large-cap bank has equity capital of Rs 513.51 crore. Face value per share is Rs 2.

Axis Bank reported net loss of Rs 2188.74 crore in Q4 March 2018 as compared with net profit of Rs 1225.10 crore in Q4 March 2017. Total income rose 2.67% to Rs 14559.85 crore in Q4 March 2018 over Q4 March 2017.

Axis Bank said that after making mandatory appropriations to Statutory Reserve, Investment Reserve and Capital Reserve, no profits are available for distribution as dividend for the financial year ended 31 March 2018 (FY 2018). Accordingly, no dividend has been recommended by the board of directors for FY 2018.

As on 31 March 2018, the bank's Gross NPA and Net NPA levels rose to 6.77% and 3.40% from 5.28% and 2.56% as on 31 December 2017, respectively. As on 31 March 2018, the bank's Gross NPA stood at Rs 34249 crore and Net NPA stood at Rs 16592 crore.

The bank has recognised slippages of Rs 16536 crore in Q4 March 2018. This includes an accelerated recognition in the stressed loan book of the bank, particularly in the power sector. It also includes a onetime impact driven by recent regulatory guidelines on resolution of stressed assets.

As on 31 March 2018, the bank's provision coverage, as a proportion of Gross NPAs including prudential write-offs, stood at 65%. Under Basel III, Total Capital Adequacy Ratio (CAR) CAR & Tier I CAR stood at 16.57% and 13.04%, respectively. Net interest margin for Q4 March 2018 stood at 3.33%.

Axis Bank is one of the biggest private sector banks in India. As on 31 March 2018, the bank had a network of 3,703 domestic branches and extension counters situated in 2,163 centres and 13,814 ATMs.